Antitrust M&A Antitrust M&A

Chemtrade Logistics Income Fund in its take-over bid for Canexus Corporation

On March 10, 2017, an indirect, wholly-owned subsidiary of Chemtrade completed its formerly announced acquisition of Canexus by way of take-over bid. Under the offer, Chemtrade acquired all of the issued and outstanding common shares of Canexus Corporation for $1.50 in cash per common...

Lead Office: Toronto Date Closed: March 10, 2017 Value: $884 million

Athabasca Oil Corporation in its acquisition of Norway’s Statoil ASA’s Canadian oilsands business

Athabasca Oil Corporation completed the acquisition of thermal oil assets from Statoil Canada Ltd., a wholly-owned subsidiary of Statoil ASA, for total consideration of $582 million.  The consideration consisted of $431 million in cash (after closing adjustments), 100 million common...

Lead Office: Calgary Date Closed: January 31, 2017 Value: $582 million

Constellation Brands, Inc. in the sale of its Canadian wine business to Ontario Teachers’ Pension Plan for approximately $1.03 billion

On October 17, 2016, Constellation Brands, Inc., a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Canada, Mexico, New Zealand and Italy, announced the sale of its Canadian wine business to Ontario Teachers’ Pension Plan for approximately $1.03...

Lead Office: Toronto Date Closed: December 16, 2016 Value: $1.03 Billion

Whistler Blackcomb Holdings Inc. in its $1.4 billion acquisition by Vail Resorts

On October 17, 2016, Whistler Blackcomb Holdings Inc. and Vail Resorts, Inc. completed an agreement pursuant to which Vail Resorts acquired 100 percent of the stock of Whistler Blackcomb, whose shareholders received C$17.50 per share in cash and 0.0998 shares of Vail Resorts common stock. For...

Lead Office: Toronto Date Closed: October 17, 2016 Value: $1.4 billion

iCON Infrastructure in its agreement to acquire Capstone Infrastructure for $480 million

On January 20, 2016, Irving Infrastructure Corp., a subsidiary of iCON Infrastructure Partners III, L.P., a fund advised by UK-based iCON Infrastructure LLP, entered into a definitive arrangement agreement with Capstone Infrastructure Corporation. iCON Infrastructure is an independent investment...

Lead Office: Toronto Date Closed: April 29, 2016 Value: $480 million

Canadian Oil Sands Limited in its agreement to support Suncor Energy Inc.’s amended offer valued at $6.6 billion

On October 5, 2015, Canadian Oil Sands Limited ("COS") confirmed the commencement of Suncor Energy Inc.’s proposed $6.6 billion hostile takeover bid. Under the terms of the unsolicited offer, Suncor would acquire all of the outstanding shares of COS for total consideration of approximately $4.3...

Lead Office: Calgary Date Closed: March 21, 2016 Value: $6.6 Billion

COM DEV in connection with its acquisition by a subsidiary of Honeywell International Inc. by way of a plan of arrangement and its spinoff of exactEarth Ltd.

On February 1, 2016, COM DEV International Ltd., a leading manufacturer of space hardware subsystems, completed an arrangement agreement with a subsidiary of Honeywell International Inc., pursuant to which Honeywell would acquire all of COM DEV’s issued and outstanding common shares. In...

Lead Office: Toronto Date Closed: February 1, 2016 Value: $580 million

BMO Financial Group in connection with its acquisition of General Electric Capital Corporation’s Transportation Finance Business

On September 10, 2015, BMO Financial Group (“BMO”), Canada’s fourth-largest lender, announced the acquisition of GE Capital's Transportation Finance business in the U.S. and Canada. The proposed transaction will grow BMO’s U.S. commercial banking business. GE...

Lead Office: Toronto Date Closed: December 1, 2015 Value: -

CanElson in its $505 million merger with Trinidad Drilling

On June 11, 2015 CanElson Drilling Inc. entered into an arrangement agreement with Trinidad Drilling Ltd. to combine both Trinidad and CanElson's premier contract drilling fleets pursuant to a court approved plan of arrangement. The Transaction is valued at approximately $505 million...

Lead Office: Calgary Date Closed: August 11, 2015 Value: $505 Million

TPG in its agreement to form a partnership and acquire the Cirque du Soleil.

On July 8, 2015, TPG Capital LP (“TPG”), a global private investment firm, acquired a majority stake in Cirque du Soleil (“Cirque”), Canada's iconic entertainment company, for an undisclosed amount. Caisse de dépôt et placement du Québec along with Fosun Capital Group, one of China's...

Lead Office: Montreal Date Closed: July 8, 2015 Value: -